Key facts
What the official sources publish
Every value below belongs to this exact product. Select a source marker to check its context.
FacilityOnline overdraft against an existing NRE or NRO fixed deposit
Source 1Eligible depositSingle-holder NRE or NRO TDR, STDR, eTDR or eSTDR with at least 6 months' residual period; joint deposits are not eligible
Source 2TDR/eTDR overdraft limit75% of deposit face value
Source 3STDR/eSTDR overdraft limit90% of deposit face value
Source 4Minimum overdraft amount₹25,000
Source 5Maximum overdraft amount₹5 crore
Source 6Interest rate1.00 percentage point above the interest payable on the fixed depositEffective 15 Aug 2025
Source 7Online opening hours08:00 to 20:00 IST
Source 8Access to overdraft fundsInternet-banking withdrawal or transfer; cheques available after a separate cheque-book request through internet banking
Source 9Maximum tenure by deposit typeTDR/
Source 10Pledged-deposit renewal mandateExisting rollover or renewal mandate is treated as cancelled if the overdraft is not closed by the end of the loan tenure
Source 11Overdraft closureHome branch only; no internet-banking closure facility currently stated
Source 12Benefits and features
- Online opening against an existing eligible NRE or NRO fixed deposit
- Up to 75% of TDR face value or 90% of STDR face value
- Internet-banking access to funds, with optional cheque access
Eligibility
- The deposit must be held in a single name and have at least six months remaining; joint deposits are excluded.
- A deposit not opened through internet banking must first be mapped to internet banking.
- The overdraft can be opened online during the published IST window, but must be closed through the home branch.
Passing a listed condition does not mean the bank will approve an application.